WEST CAPE MAY — “West Cape May residents & businesses overall will see a substantial reduction in their property tax with the new tax bills coming out this week,” said Mayor Pam Kaithern. “The reduced tax should impact most in West Cape May and is specific to individual properties in the borough. The average residential property valued at $437,000 will see a new tax bill $358.34 lower than last year,” continued Kaithern. Working within the 2% cap instituted by Governor Christie and State Legislators, Mayor Kaithern, Commissioners Peter Burke, and Carol Sabo are pleased to pass along tax savings to residents and business owners at a time when everyone’s wallets are stretched.
“Through a combination of a tight rein on budget spending, liquor license sale, and reductions from the County and Regional school districts, we were able to realize these savings,” said Chief Financial Officer Frank Donato. “Some homeowners’ who are not eligible for homestead rebates this year may see less of a savings than those who continue to receive rebate credits,” continued Donato. Homestead tax credits are reflected in the third quarter of the tax year under the direction of the State of New Jersey.
“It was important to note that the sale of the retail liquor license was part of our overall savings and that license should help us keep our tax numbers in check for years to come. The key was that additional revenue was not applied to new programs or expenditures, but rather passed back to the taxpayers of West Cape May,” according to Burke. “When we were considering the liquor license in town, we heard the constituents loud and clear that this money would be to offset rising taxes, not for new programs,” continued Burke.
”The liquor license sale resulted in the opening of Sunset Liquors on Sunset Blvd, which employs over a dozen people and made a substantial financial investment in our community. It adds a strong base to our business district, which encourages more business opportunities as well,” added Sabo.
Residents who have questions about their tax bills are welcome to contact the borough at 609-884-1005 or in person. For more information please visit www.westcapemay.us
West Cape May – The amount of TV shows airing is getting out of hand. Less movies are being produced today than ever before. Instead, people are glued to watching shows that most people never heard of.
